C3is Inc.(CISS)Earnings, Financials & Key Ratios
CISS•NASDAQ
$3.46
$610444 mkt cap·0.9× P/E·Price updated May 6, 2026
AboutC3is Inc. provides international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers, and traders. The company owns and operates a fleet of two handysize drybulk carriers which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. C3is Inc. was incorporated in 2022 and is headquartered in Majuro, Marshall Islands.Show more
- Revenue$35M-17.8%
- EBITDA$8M-51.6%
- Net Income$10M+481.1%
- EPS (Diluted)3.98+115.5%
- Gross Margin12.76%-60.4%
- EBITDA Margin22.63%-41.1%
- Operating Margin3.93%-83.5%
- Net Margin30.13%+563.7%
- ROE12.58%+390.5%
- ROIC1.27%-89.8%
- Debt/Equity0.00-35.5%
- Interest Coverage3.64+3384.2%
CISS Key Insights
C3is Inc. (CISS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Healthy 5Y average net margin of 26.1%
- ✓Trading at only 0.0x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 11.2% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CISS Price & Volume
C3is Inc. (CISS) stock price & volume — 10-year historical chart
Loading chart...
CISS Growth Metrics
C3is Inc. (CISS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years119.48%
TTM-17.83%
Profit CAGR
10 Years-
5 Years-
3 Years166.78%
TTM481.07%
EPS CAGR
10 Years-
5 Years-
3 Years-75.18%
TTM-102.13%
Return on Capital
10 Years12.92%
5 Years12.92%
3 Years12.76%
Last Year1.54%
CISS Peer Comparison
C3is Inc. (CISS) competitors in Dry Bulk Shipping — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SBLK | 3.1B | 26.90 | 36.85 | -17.62% | 8.07% | 3.44% | 0.44 | |
 SB | 728.6M | 6.92 | 8.34 | 8.17% | 16.78% | 5.58% | 0.65 | |
 SHIP | 333.81M | 15.81 | 15.65 | -5.59% | 9.74% | 5.29% | 1.03 | |
 TOPS | 9.95M | 2.15 | 1.97 | 3.83% | 1.19% | 0.8% | 1.74 | |
 GLBS | 43.84M | 2.13 | -25.21 | 26.77% | -3.95% | -1% | 0.62 | |
 EDRY | 59.84M | 21.17 | -5.98 | 28.35% | -21.73% | -10.84% | 1.02 | |
 PSHG | 74.09M | 1.89 | 1.77 | -19.73% | 65.4% | 16.48% | 0.17 | |
 STNG | 4.27B | 82.56 | 11.74 | -24.58% | 36.7% | 11.3% | 0.19 |
Compare CISS vs Peers
C3is Inc. (CISS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CISS Income Statement
C3is Inc. (CISS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Sales/Revenue | 6.27M | 3.29M | 28.74M | 42.3M | 34.76M |
| Revenue Growth % | - | -47.59% | 774.3% | 47.17% | -17.83% |
| Cost of Goods Sold | 2.49M | 2.54M | 16.71M | 28.67M | 30.32M |
| COGS % of Revenue | 39.68% | 77.16% | 58.16% | 67.79% | 87.24% |
| Gross Profit | 3.78M▲ 0% | 750.83K▼ 80.2% | 12.02M▲ 1501.4% | 13.62M▲ 13.3% | 4.43M▼ 67.5% |
| Gross Margin % | 60.32% | 22.84% | 41.84% | 32.21% | 12.76% |
| Gross Profit Growth % | - | -80.15% | 1501.43% | 13.31% | -67.46% |
| Operating Expenses | 129.18K | 198.77K | 1.6M | 3.56M | 3.07M |
| OpEx % of Revenue | 2.06% | 6.05% | 5.55% | 8.42% | 8.83% |
| Selling, General & Admin | 129.18K | 121.33K | 1.2M | 2.98M | 2.43M |
| SG&A % of Revenue | 2.06% | 3.69% | 4.18% | 7.04% | 6.98% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 77.44K | 396K | 586.96K | 642.4K |
| Operating Income | 3.65M▲ 0% | 552.06K▼ 84.9% | 10.43M▲ 1788.9% | 10.06M▼ 3.5% | 1.36M▼ 86.4% |
| Operating Margin % | 58.26% | 16.79% | 36.29% | 23.79% | 3.93% |
| Operating Income Growth % | - | -84.89% | 1788.91% | -3.51% | -86.44% |
| EBITDA | 4.1M | 1.11M | 14.53M | 16.24M | 7.87M |
| EBITDA Margin % | 65.3% | 33.77% | 50.57% | 38.4% | 22.63% |
| EBITDA Growth % | - | -72.9% | 1209.21% | 11.75% | -51.56% |
| D&A (Non-Cash Add-back) | 441.75K | 557.97K | 4.1M | 6.18M | 6.5M |
| EBIT | 3.65M | 551.7K | 10.66M | -274.56K | 1.36M |
| Net Interest Income | -45.62K | -116 | -1.33M | -1.52M | -46.49K |
| Interest Income | 0 | 0 | 36.11K | 950.82K | 327.84K |
| Interest Expense | 45.62K | 116 | 1.37M | 2.47M | 374.33K |
| Other Income/Expense | -45.4K | -475 | -1.14M | -12.81M | 9.11M |
| Pretax Income | 3.61M▲ 0% | 551.59K▼ 84.7% | 9.29M▲ 1584.6% | -2.75M▼ 129.6% | 10.47M▲ 481.1% |
| Pretax Margin % | 57.53% | 16.78% | 32.33% | -6.5% | 30.13% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | 3.61M▲ 0% | 551.59K▼ 84.7% | 9.29M▲ 1584.6% | -2.75M▼ 129.6% | 10.47M▲ 481.1% |
| Net Margin % | 57.53% | 16.78% | 32.33% | -6.5% | 30.13% |
| Net Income Growth % | - | -84.72% | 1584.58% | -129.58% | 481.07% |
| Net Income (Continuing) | 3.61M | 551.59K | 9.29M | -2.75M | 10.47M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1757.80▲ 0% | 260.18▼ 85.2% | 1465.15▲ 463.1% | -25.74▼ 101.8% | 3.98▲ 115.5% |
| EPS Growth % | - | -85.2% | 463.12% | -101.76% | 115.46% |
| EPS (Basic) | 1757.80 | 260.18 | 1465.15 | -25.74 | 46.50 |
| Diluted Shares Outstanding | 2.05K | 2.12K | 5.82K | 314.32K | 349.45K |
| Basic Shares Outstanding | 2.05K | 2.12K | 5.82K | 314.32K | 89.36K |
| Dividend Payout Ratio | 175.96% | - | - | - | - |
CISS Balance Sheet
C3is Inc. (CISS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Total Current Assets | 4.63M | 1.02M | 20.31M | 16.34M | 20.84M |
| Cash & Short-Term Investments | 18.99K | 0 | 9.06M | 12.59M | 14.94M |
| Cash Only | 18.99K | 0 | 695.29K | 4.64M | 616.64K |
| Short-Term Investments | 0 | 0 | 8.37M | 7.95M | 14.32M |
| Accounts Receivable | 4.26M | 821.53K | 10.44M | 2.82M | 4.26M |
| Days Sales Outstanding | 248 | 91.22 | 132.64 | 24.3 | 44.77 |
| Inventory | 60.18K | 165.65K | 689.27K | 884.15K | 1.31M |
| Days Inventory Outstanding | 8.82 | 23.84 | 15.05 | 11.26 | 15.79 |
| Other Current Assets | 254.63K | 0 | 33.85K | 28.77K | 307.74K |
| Total Non-Current Assets | 11.73M | 38.84M | 75.16M | 84.15M | 77.65M |
| Property, Plant & Equipment | 11.23M | 38.84M | 75.16M | 84.15M | 77.65M |
| Fixed Asset Turnover | 0.56x | 0.08x | 0.38x | 0.50x | 0.45x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 500K | 0 | 0 | 0 | 0 |
| Total Assets | 16.36M▲ 0% | 39.86M▲ 143.6% | 95.47M▲ 139.5% | 100.49M▲ 5.3% | 98.49M▼ 2.0% |
| Asset Turnover | 0.38x | 0.08x | 0.30x | 0.42x | 0.35x |
| Asset Growth % | - | 143.64% | 139.52% | 5.26% | -1.99% |
| Total Current Liabilities | 1.32M | 965.47K | 39.93M | 18.69M | 3.36M |
| Accounts Payable | 185.86K | 792.14K | 547.02K | 908.34K | 1.8M |
| Days Payables Outstanding | 27.25 | 114 | 11.95 | 11.56 | 21.72 |
| Short-Term Debt | 992.16K | 0 | 0 | 0 | 24.75K |
| Deferred Revenue (Current) | 0 | 0 | 215.84K | 162.11K | 235.65K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 1.29M |
| Current Ratio | 3.50x | 1.06x | 0.51x | 0.87x | 6.21x |
| Quick Ratio | 3.46x | 0.89x | 0.49x | 0.83x | 5.82x |
| Cash Conversion Cycle | 229.57 | 1.06 | 135.74 | 23.99 | 38.84 |
| Total Non-Current Liabilities | 6.29M | 0 | 0 | 10.44M | 29.16K |
| Long-Term Debt | 6.29M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 10.44M | 29.16K |
| Total Liabilities | 7.61M | 965.47K | 39.93M | 29.13M | 3.39M |
| Total Debt | 7.28M | 0 | 0 | 28.77K | 24.75K |
| Net Debt | 7.26M | 0 | -695.29K | -4.61M | -591.89K |
| Debt / Equity | 0.83x | - | - | 0.00x | 0.00x |
| Debt / EBITDA | 1.78x | - | - | 0.00x | 0.00x |
| Net Debt / EBITDA | 1.77x | - | -0.05x | -0.28x | -0.08x |
| Interest Coverage | 80.09x | 4756.05x | 7.79x | -0.11x | 3.64x |
| Total Equity | 8.75M▲ 0% | 38.89M▲ 344.5% | 55.54M▲ 42.8% | 71.36M▲ 28.5% | 95.1M▲ 33.3% |
| Equity Growth % | - | 344.45% | 42.81% | 28.48% | 33.27% |
| Book Value per Share | 4262.64 | 18346.32 | 9543.62 | 227.03 | 272.14 |
| Total Shareholders' Equity | 8.75M | 38.89M | 55.54M | 71.36M | 95.1M |
| Common Stock | 0 | 0 | 58 | 7.07K | 6.6K |
| Retained Earnings | 3.61M | 0 | 8.35M | 257.05K | 4.49M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
CISS Cash Flow Statement
C3is Inc. (CISS) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash from Operations | -12.08K | 1.05M | 5.64M | 24.98M | 4M |
| Operating CF Margin % | -0.19% | 31.99% | 19.62% | 59.05% | 11.51% |
| Operating CF Growth % | - | 8805.96% | 436.29% | 342.91% | -83.98% |
| Net Income | 3.61M | 551.59K | 9.29M | -2.75M | 10.43M |
| Depreciation & Amortization | 441.75K | 557.97K | 4.1M | 6.18M | 6.5M |
| Stock-Based Compensation | 0 | 0 | 37.64K | 337.86K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.6K | 0 | -241.97K | 12.4M | -8.73M |
| Working Capital Changes | -4.06M | -58.05K | -7.55M | 8.81M | -4.2M |
| Change in Receivables | -4.26M | -821.53K | -9.62M | 7.63M | -1.45M |
| Change in Inventory | -60.18K | -165.65K | -523.62K | -194.88K | -427.91K |
| Change in Payables | 146.04K | 792.14K | -245.13K | 361.32K | 896.13K |
| Cash from Investing | -11.64M | -39.39M | -12.43M | -1.36M | -6.54M |
| Capital Expenditures | -11.64M | -39.39M | -4.3M | -1.62M | -161.9K |
| CapEx % of Revenue | 185.5% | 1198.45% | 14.96% | 3.84% | 0.47% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 12.42M | 38.34M | 7.48M | -19.67M | -1.49M |
| Debt Issued (Net) | 7.28M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 11.49M | 0 | 5M | 13.15M | 12.46M |
| Dividends Paid | -6.35M | 0 | -241.67K | -762.5K | -568.75K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 38.34M | 2.72M | -32.06M | -13.38M |
| Net Change in Cash | 273.62K▲ 0% | 0▼ 100.0% | 695.29K▲ 0% | 3.95M▲ 467.4% | -4.02M▼ 202.0% |
| Free Cash Flow | -11.65M▲ 0% | -38.34M▼ 229.2% | 1.34M▲ 103.5% | 23.35M▲ 1643.9% | 3.84M▼ 83.6% |
| FCF Margin % | -185.69% | -1166.46% | 4.66% | 55.21% | 11.05% |
| FCF Growth % | - | -229.19% | 103.49% | 1643.88% | -83.56% |
| FCF per Share | -5673.47 | -18086.14 | 230.09 | 74.30 | 10.99 |
| FCF Conversion (FCF/Net Income) | -0.00x | 1.91x | 0.61x | -9.09x | 0.38x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
CISS Key Ratios
C3is Inc. (CISS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 41.24% | 2.32% | 19.68% | -4.33% | 12.58% |
| Return on Invested Capital (ROIC) | - | 1.51% | 16.69% | 12.41% | 1.27% |
| Gross Margin | 60.32% | 22.84% | 41.84% | 32.21% | 12.76% |
| Net Margin | 57.53% | 16.78% | 32.33% | -6.5% | 30.13% |
| Debt / Equity | 0.83x | - | - | 0.00x | 0.00x |
| Interest Coverage | 80.09x | 4756.05x | 7.79x | -0.11x | 3.64x |
| FCF Conversion | -0.00x | 1.91x | 0.61x | -9.09x | 0.38x |
| Revenue Growth | - | -47.59% | 774.3% | 47.17% | -17.83% |
CISS Frequently Asked Questions
C3is Inc. (CISS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
C3is Inc. (CISS) reported $34.8M in revenue for fiscal year 2025. This represents a 454% increase from $6.3M in 2021.
C3is Inc. (CISS) saw revenue decline by 17.8% over the past year.
Yes, C3is Inc. (CISS) is profitable, generating $10.5M in net income for fiscal year 2025 (30.1% net margin).
Dividend & Returns
Yes, C3is Inc. (CISS) pays a dividend with a yield of 47.04%. This makes it attractive for income-focused investors.
C3is Inc. (CISS) has a return on equity (ROE) of 12.6%. This is reasonable for most industries.
C3is Inc. (CISS) generated $3.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More CISS
C3is Inc. (CISS) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates